"Murray Rothbard used this term debamboozle, because the idea is that the state and all of its minions—the media, the universities—they're all in the business of bamboozling the public—confusing the public into thinking the state is benevolent and omnipotent and wonderful." Recorded at the Mises Institute in Auburn, Alabama, on August 3, 2024. Mises University is the world's leading instructional program in the Austrian School of economics, and is the essential training ground for economists who are looking beyond the mainstream.